Cement News tagged under: Pakistan
Lafarge Pakistan swings to 3Q12 profit31 October 2012, Published under Cement NewsLafarge Pakistan reported that it earned PKR268.52m in the third quarter of 2012 compared to a loss of PKR308.38m (US$3.2m) in the corresponding period of last year. The advance is attributed to rising cement prices and increased domestic demand. Net sales rose to PKR2.22bn in 3Q12 from PKR1.914bn in 3Q11. It incurred distribution costs of PKR45.75m and administrative expenses of PKR136.44m compared to PKR81.89m and PKR119.55m in July-September, respectively. Financing costs fel to PKR220... |
Lucky Cement 1Q net rises, updates on international expansion26 October 2012, Published under Cement NewsLucky Cement has reported a strong rise in profit after tax for the first quarter of the current fiscal year and provided a progress update on its expansion into Iraq and Democratic Republic of Congo. The company declared an after tax profit of PKR2014m (US$21m) for the quarter ending 30 September 2012, representing an increase of 33.79 per cent higher than the same period of last year, thanks to higher domestic sales. Gross profit increased by 32.87 per cent as net sales revenue improve... |
DG Khan first quarter boosted by prices, Pakistan25 October 2012, Published under Cement NewsPakistan cement producer DG Khan Cement Ltd (DGKC), reported a significant rise in net income in the first quarter of the current fiscal thanks to rising cement prices. Net income increased to PKR1.42bn (US$14.8m) from PKR355.5m, the Lahore-based company said in a filing today. Sales rose 15 per cent to PKR6.1bn. Cement makers have relied on price increases amid stagnant sales in the past five years. |
Pakistan’s 1QFY13 cement exports rise in value terms25 October 2012, Published under Cement NewsPakistan cement exports in the first quarter of the current fiscal rose in value terms YoY but in quantity terms volumes are still declining, according to data from Pakistan’s Bureau of Statistics. During the period from July-September 2012, US$146.321m worth of cement was exported which was up by 42.35 per cent compared to the same period of last year. However, in terms of quantity, exports totalled 1,899,791t in the first quarter of FY13 compared to 2,158,429t in the first quarter of FY... |
Pakistan cement producers post first quarter profit19 October 2012, Published under Cement NewsTwo leading Pakistan cement manufacturers have reported a rise in first quarter FY13 profit. Maple Leaf Cement Factory Limited posted PKR384.409m profit in the quarter ended September 30, 2012 as compared to after tax loss of PKR228.279m in the same period last year. According to the financial results sent to Karachi Stock Exchange, the company's net sales increased to PKR3.807bn in this quarter against PKR3.356bn in the same quarter last year while cost of sales stood at PKR2.680bn aga... |
Pakistan cement market progress15 October 2012, Published under Cement NewsLatest statistics on the Pakistan cement sector show that the country will have ended the first quarter of FY12-13 (July-September 2012) ahead of the same period as last year as September sales gather pace on the back of increased real estate activity and higher government infrastructure spending. Improving prices and government incentives are likely to further spur industry profitability but declining exports remain a concern. Preliminary estimates for September 2012 dispatches show tota... |
Lucky Cement wins sustainability award, Pakistan11 October 2012, Published under Cement NewsLucky Cement Limited, Pakistan's largest cement manufacturer and exporter, has received the Best Sustainability Report and the Best Corporate Report Awards - 2011. Lucky Cement secured overall Top position in the category for Best Sustainability Report Award, whereas its Corporate Report received 1st position in cement and sugar category. ??These awards for year 2011 were announced in a ceremony by the Institute of Chartered Accountants of Pakistan and the Institute of Cost and Management... |
APCMA re-elects Aizaz Mansoor as chairman10 October 2012, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) has re-elected Aizaz Mansoor Sheikh unanimously as Chairman of APCMA in its Annual General Meeting held at APCMA Secretariat, Lahore. According to an announcement issued by the APCMA here on Tuesday Sayeed Tariq Saigol of Maple Leaf Cement Factory Limited and Muhammad Ali Tabba of Lucky Cement Limited were also unanimously re-elected as Vice Chairmen of the Association. Aizaz Mansoor Sheikh of Kohat Cement Company Limited has serve... |
Pakistan cement sector profitability improves in FY1205 October 2012, Published under Cement NewsPakistan’s cement sector closed FY12 with profitability growing eight per cent with improvements being seen for both larger and smaller producers. Total industry sales were 32.5Mt, up three per cent YoY. Capacity utilisation, however, dipped to 74 per cent compared to 76 per cent in the previous year due an additional 3Mta of new capacity coming on-stream during the year in the form of Fauji Cement Company's 7560tpd line. Total industry capacity now stands at 44Mta. On a per tonne basis, ... |
Bestway Cement's full year profit increases, Pakistan02 October 2012, Published under Cement NewsPakistan-based cement producer Bestway Cement announced that its profit after tax increased to PKR3.06bn in the year ended 30 June 2012 (FY12) compared to PKR179.230m in the corresponding period in FY11, according to reports in the Business Standard. Earnings per share has increased to Rs 5.29 in the period under review against Re 0.57 in the same period last year. According to the financial results sent to Karachi Stock Exchange on Monday turnover increased to PKR17.788bn in FY12 against... |